If you are new to using credit cards or have
been using one without knowing what a bunch of things mean on the credit card
statement, get started here.
Credit
limit
This is the maximum amount of money that you
can swipe/borrow on your credit card. It is a pre-stipulated amount that is
fixed by the card issuer. If you display good credit behavior, your credit
limit may be enhanced by the lender, but do not use it as an excuse to become
reckless...
